Page 5 - Pec News Today

The OPEC+ member countries reaffirmed on Wednesday their steadfast commitment to “unity and cohesion” as well as their continued cooperation to maintain stability of the oil market.

According to a forecast, Brent crude will average $82.56 next year

Crude oil prices were trading slightly down on Friday afternoon, just hours before the weekend and the Christmas holiday, reasonably unaffected by Angola’s decision to quit OPEC.

OPEC could potentially face further loss of market share in early 2024 following the recent departure of  Angola, weakening demand and rising output by non-OPEC producers

The year 2023 may be looked upon by historians as “de facto the beginning of an organized new economic order,” Paul Goncharoff, owner of consulting company Goncharoff LLC, told Sputnik.

ALBAWAB – Oil prices rose over the weekend, with Reuters reporting a rebound on Friday, as tensions built over the disruption of Dead Sea shipping

Crude oil prices were trading slightly down on Friday afternoon, just hours before the weekend and the Christmas holiday, reasonably unaffected by Angola’s decision to quit OPEC.

Major shippers impose extra charges; China could invest in Angolas oil output

Angola's Resources and Petroleum Minister said OPEC membership no longer served the country's interests.

ALBAWABA – Oil prices fell from Wednesday's highs, bolstered by escalation concerns over the disruption of Red Sea shipping, while the US dollar was lit